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Ecuador's Oil Crisis: Production Hits Decade Low Amid Opposition

10/21/2025

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Summary

Story summary

Ecuador's oil industry is in crisis, with production projected to reach its lowest level in over a decade.
President Daniel Noboa's $47 billion plan to revive the sector faces significant opposition.
Oil output has decreased from 555,228 barrels per day in 2019 to an average of 465,369 barrels per day in 2025.
Oil represents nearly 30% of exports and a third of fiscal revenue, threatening government finances.
Ecuador's public debt is $80 billion, raising insolvency concerns amid a projected fiscal deficit of 4.4% of GDP.

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Story summary

Ecuador's oil industry is in crisis, with production projected to reach its lowest level in over a decade.
President Daniel Noboa's $47 billion plan to revive the sector faces significant opposition.
Oil output has decreased from 555,228 barrels per day in 2019 to an average of 465,369 barrels per day in 2025.
Oil represents nearly 30% of exports and a third of fiscal revenue, threatening government finances.
Ecuador's public debt is $80 billion, raising insolvency concerns amid a projected fiscal deficit of 4.4% of GDP.